South Korea’s consumer confidence rebounded
in May after five straight months on the decline since December. The Bank of Korea says the country’s consumer
sentiment index rose to 107-point-nine in May, up zero-point-eight points from the previous
month. A reading above 100 means there are more optimists
than pessimists about the economic conditions in the coming months. The central bank attributed the boost to the
recent thaw in inter-Korean relations and prospects for a North Korea-U.S. summit in
June. Eased concerns over a possible trade clash
between the U.S. and China also supported the turnaround.